A naukri.com initiative
Crypto-News-Flash
4w
405
Image Credit: Crypto-News-Flash
Algorand Helps TravelX Mint 17M NFT Tickets with Ease
- TravelX built a ticketing system on Algorand, minting over 17 million NFTickets in four years.
- Algorand continues to expand with fast transactions, AEON payments, and mTBILL integration.
- Algorand and TravelX have been partners for over four years, with TravelX developing a blockchain-based airline ticket trading infrastructure.
- More than 17 million NFTickets have been minted, keeping costs low and maintaining network activity.
- Algorand has supported TravelX by offering subsidies to reduce transaction costs and improve operational efficiency in the airline industry.
- Despite facing challenges in adoption due to resistance in the corporate sector, TravelX aims to offer passengers control over ticketing through digital assets trading.
- Algorand has demonstrated fast and scalable blockchain transactions, processing over 34,000 transactions in a single block in three seconds.
- A study by Dr. Matthew Brigida showed that TVL is not a reliable price indicator for cryptocurrencies, challenging conventional wisdom.
- Algorand has welcomed new partners like AEON and Midas, allowing for convenient payment options and efficient asset swaps on its network.
- ALGO is currently trading at about $0.1769, down 2.05% in the last 24 hours and 6.79% in the last 7 days.
Read Full Article
24 Likes
For uninterrupted reading, download the app